NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
April 9, 2007

Washington Error Dollars in Demand
The new Washington Dollars are very active and the grading services are certifying them in bulk. The Missing Edge Lettering error is getting most of the attention. Uncirculated raw coins have been wholesaling from $60 to $80 in the last week. Certified coins are higher as collectors want a coin that has a guarantee with it.

This week’s Classic Wholesale Market Price Guide has a multitude of increases for several series where the key dates still command premiums of wholesale levels. The Three Cent Nickel and Silver issues are very strong, especially for the rare dates. Several issues have very low mintages and are quite difficult to find in any grades. Many of these coins also have low census numbers in all grades and astute numismatists have been trying to stock up on these at any price that makes sense.

Many U.S. Gold coins are higher this week due to the upswing in bullion. However, the premiums for common coins are still at very attractive levels. Supplies remain excessive compared to current demand. Gold is moving toward $680, a level that needs to be surpassed before confidence shifts thoughts to the $700 mark. Silver is higher at $13.76 and Platinum is $1265.